MAKING LINE ADVANCES/NOTICE OF BORROWING. Each Advance made hereunder shall be conclusively deemed to have been made at the request of and for the benefit of the Borrower (i) when credited to any deposit account of the Borrower maintained with the Bank or (ii) when paid in accordance with the Borrowers' written instructions. Subject to any other requirements set forth in this Agreement, Advances shall be made by the Bank upon telephonic or written notice received from the Borrower in form acceptable to the Bank, which notice shall be received by the Band at or before 2:00 p.m. (California time) on a Business Day. The Borrower may borrow under the Line of Credit by requesting either: (i) A VARIABLE RATE ADVANCE. A Variable Rate Advance may be made on the Business Day notice is received by the Bank; provided however, that if the Bank shall not have received notice at or before 2:00 p.m. (California time) on the day such Advance is requested to be made, such Variable Rate Advance may be made, at the Bank's option, on the next Business Day.
Appears in 1 contract
Samples: Commercial Credit Agreement (Align Rite International Inc)
MAKING LINE ADVANCES/NOTICE OF BORROWING. Each Advance made hereunder shall be conclusively deemed to have been made at the request of and for the benefit of the Borrower (i) when credited to any deposit account of the Borrower maintained with the Bank or (ii) when paid in accordance with the Borrowers' Borrower's written instructions. Subject to any other requirements set forth in this Agreement, Advances shall be made by the Bank upon telephonic or written notice received from the Borrower in form acceptable to the Bank, which notice shall be received by the Band Bank at or before 2:00 p.m. 11:00 am (California time) on a Business Daybusiness day. The Borrower may borrow under the this Crop Line of Credit by requesting either:
(i) A VARIABLE RATE ADVANCE. A Variable Rate Advance may be made on the Business Day day notice is received by the Bank; provided however, that if the Bank shall not have received notice at or before 2:00 p.m. 11:00 am (California time) on the day such Advance is requested to be made, such Variable Rate Advance may be made, at the Bank's option, on the next Business Daybusiness day.
Appears in 1 contract
Samples: Agricultural Credit Agreement (Scheid Vineyards Inc)
MAKING LINE ADVANCES/NOTICE OF BORROWING. Each Advance made hereunder shall be conclusively deemed to have been made at the request of and for the benefit of the Borrower (i) when credited to any deposit account of the Borrower maintained with the Bank or (ii) when paid in accordance with the Borrowers' written instructionsinstructions of the Borrower. Subject to any other requirements set forth in this Agreement, Advances shall be made by the Bank upon telephonic or written notice received from the Borrower in form acceptable to the Bank, which notice shall be received by the Band Bank at or before 2:00 p.m. 11:00 am (California time) on a Business Daybusiness day. The Borrower may borrow under the this Crop Line of Credit by requesting either:
(i) A VARIABLE RATE ADVANCE. A Variable Rate Advance may be made on the Business Day day notice is received by the Bank; provided however, that if the Bank shall not have received notice at or before 2:00 p.m. 11:00 am (California time) on the day such Advance is requested to be made, such Variable Rate Advance may be made, at the Bank's option, on the next Business Daybusiness day.
Appears in 1 contract
Samples: Agricultural Credit Agreement (Scheid Vineyards Inc)
MAKING LINE ADVANCES/NOTICE OF BORROWING. Each Advance made hereunder shall be conclusively deemed to have been made at the request of and for the benefit of the Borrower (i) when credited to any deposit account of the Borrower maintained with the Bank or (ii) when paid in accordance with the Borrowers' Borrower's written instructions. Subject to any other requirements set forth in this Agreement, Advances shall be made by the Bank upon telephonic or written notice received from the Borrower in form acceptable to the Bank, which notice shall be received by the Band Bank at or before 2:00 p.m. 11:00 am (California time) on a Business Day. The Borrower may borrow under the Line of Credit this Equipment Purchase Facility by requesting either:
(i) A VARIABLE RATE ADVANCE. A Variable Rate Advance may be made on the Business Day day notice is received by the Bank; provided however, that if the Bank shall not have received notice at or before 2:00 p.m. 11:00 am (California time) on the day such Advance is requested to be made, such Variable Rate Advance may be made, at the Bank's option, on the next Business Day.
Appears in 1 contract
Samples: Commercial Credit Agreement (Applied Signal Technology Inc)